THE GANE CHARITABLE TRUST REGISTERED CHARITY NUMBER 211515
TRUSTEES' REPORT 2024
Trustees
-
G. Bates (appointed 12 February 2025)
-
L. Collier-Standfield
-
J. Cornwell
-
S. Korsec (appointed 12 February 2025)
-
D. Smart (resigned 7 June 2025)
-
T Sowden
-
T. P. S. Southall (Chair)
R Withers (Resigned 7 August 2024)
Address: 48 Park Row, Bristol, BS1 SLH
Banker: National Westminster Bank PLC, 32 Corn Street, Bristol, BS99 7UG
Independent Examiner: Paul Whitehouse, 1 Slate Cottages, Manor Lane, Abbots Leigh, Bristol, BS8 3RX
Principal activities
The Gane Charitable Trust provides grants in the fields of arts, crafts, architecture and design, and social welfare, to promote education and the development of skills and to facilitate craft arts and design projects.
Grants are made on the following general basis:
1. Preference is given to applications from the West of England Combined Authority and South Wales (Newport and surrounding areas). Several award/ grant schemes operate in partnership with craft, design and social care programs at education providers and design organisations, within the preferred locations.
2. Grants are made to individuals, but may be awarded to institutions or organisations whose purposes align with the Gane Charitable Trust objects. Grants are primarily made for capital purposes or to support transformative expenditure, rather than recurring expenditure.
3. Grants can be made to individual recipients to assist with educational expenses where there is exceptional difficulty in meeting those costs.
Financial review
During the year the income of the trust amounted to £46,194. Awards and Grants to beneficiaries totalled £34,514(2023 - £27,747).
Tim Southall Chair of Trustees
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE GANE CHARITABLE TRUST FOR THE YEAR ENDED 31ST DECEMBER 2024
Basis of independent examiner's report
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a true and fair view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
Which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with section 130 of the Act
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act
To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Paul Whitehouse Independent Examiner 31 October 2025
STATEMENT OF FINANCIAL ACTIVITIES 2024
MOVEMENT OF FUNDS
Year to 31 December 2024
| 2024 | 2023 | |
|---|---|---|
| Incoming Resources | £ | £ |
| Investment Income | 50,816 | 46,389 |
| Interest on Deposit | 910 | 355 |
| Total Income | 51,726 | 46,744 |
| Resources Expended | ||
| Direct Charitable expenditure: Awards | 10,800 | 3,400 |
| Direct Charitable expenditure: Grants | 23,714 | 24,747 |
| Management and Administration (Note 6) | 9,863 | 3,947 |
| Total Expenditure | 44,377 | 32,094 |
| Operating surplus/(defcit) | 7,349 | 14,650 |
| Unrealised (Losses)/Gains on investment | 66,679 | (38,564) |
| Net Movement in Funds | 74,028 | (23,914) |
| Balance brought forward at 1 January | 988,842 | 1,012,764 |
| Balance carried forward at 31 December | 1,062,870 | 988,842 |
Balance Sheet
31 December 2024
| Fixed Assets | 2024 | 2023 |
|---|---|---|
| Quoted Investments at Market Value | 966,704 | 900,025 |
| Heritage Assets (Furniture at cost) | 22,798 | 22,798 |
| Total Fixed Assets | 989,502 | 922,823 |
| Current Assets | ||
| Cash at Bank | 8,408 | 21,588 |
| Deposit Account at Brokers | 64,960 | 48,155 |
| Total Current Assets | 73,368 | 69,743 |
| Total Net Assets | 1,062,870 | 988,842 |
| Represented by Unrestricted Funds | 1,062,870 | 988,842 |
These Accounts were approved by Trustees on 31 October 2025 and signed on their behalf by:
Tim Southall Chair of Trustees
NOTES TO THE ACCOUNTSAccounting Policies: Have been applied consistently in dealing with items which are considered material in relation to the trust's financial statements.
Basis of preparation: The financial statements have been prepared in accordance with applicable accounting standards and under the historical cost accounting rules modified to include the revaluation of quoted investments at market value and comply with the Statement of Recommended Practice Accounting by Charities.
Gifts, grants and donations: Accounted for when they are paid.
Investments: Included in the balance sheet at market value. Investments have been revalued to reflect stock exchange valuations at the balance sheet date, to comply with the recommendation of the SORP. Unrealised gains/losses are transferred to general fund at year end.
Investment income: Brought into the accounts in accordance with the period to which it relates.
Trustees Expenses: No expenses were paid to trustees.
Management & Administration: broken down as follows
Expenditure
| 2024 | 2023 | |
|---|---|---|
| Secretarial honorarium | 4,036 | 2,023 |
| Printing, Postage & Stationery | 64 | |
| Digital costs | 3,163 | 385 |
| Bank charges | 56 | 50 |
| Legal & Professional Charges | 1,235 | 589 |
| Investment fees | 1,310 | 900 |
| Total Management and Administration | 9,863 | 3,947 |